19040, Hatboro, PA

Hatboro, PA is located in the 19040 zip code. The 19040 zip code has a population of about 25,000 people. Hatboro is a suburban town located about 20 miles from Philadelphia. The median home value in the 19040 zip code is $174,900.

The average home equity in the 19040 zip code is $118,700. This means that the typical Hatboro homeowner has $118,700 worth of equity in their home. Home prices have increased by about 7% over the past year and are projected to increase by another 5% over the next year. This growth is likely due to strong job growth and low interest rates.

There are a number of factors that contribute to home equity growth in Hatboro: rising prices, increasing wages, and decreasing interest rates. Rising prices are due to both market forces (e.g., increased demand for homes) and economic factors (e.g., low interest rates). Increasing wages lead to more money being available for people to spend on housing expenses, including mortgage payments and property taxes. Decreasing interest rates make it cheaper for people to borrow money against their homes' value so they can buy or upgrade a property faster than would otherwise be possible without these lower rates of interest.